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FICO Score Stress Indicators/Indexes

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Anonymous
Not applicable

Re: FICO Score Stress Indicators/Indexes


@Anonymous wrote:

My update for May 2021. No change.

  • EQ 8 761 on a CLEAN file with 4 open bankcards (MC/VISA/AMEX/DISCOVER, no retail) and 1 closed SSL (Shared Secure Loan)
  • EQFRI Adjusted EQ AUTO 8 Score: 703 (-43pts from 746)
  • 5% to 4% aggregate
  • -$428 aggregate balance
  • 4-of-4 accounts with balances to 3-of-4

But 24 FICO scores are up anywhere from +2 to +20 and I gained +7 on my middle mortgage score (now 748).

And I got a Ruby

ruby.png

(1yr 3mo since any inquiry) for the first time in my 3yr5mo total credit file history. (2yr5mo with credit cards.)

 

eq_fico_resilience_index_may_2021.png


@Anonymous i'm thinking you may see something at 30 months. 

Message 1071 of 1,094
Anonymous
Not applicable

Re: FICO Score Stress Indicators/Indexes


@Anonymous wrote:

@Anonymous wrote:

My update for May 2021. No change.

  • EQ 8 761 on a CLEAN file with 4 open bankcards (MC/VISA/AMEX/DISCOVER, no retail) and 1 closed SSL (Shared Secure Loan)
  • EQFRI Adjusted EQ AUTO 8 Score: 703 (-43pts from 746)
  • 5% to 4% aggregate
  • -$428 aggregate balance
  • 4-of-4 accounts with balances to 3-of-4

But 24 FICO scores are up anywhere from +2 to +20 and I gained +7 on my middle mortgage score (now 748).

And I got a Ruby

ruby.png

(1yr 3mo since any inquiry) for the first time in my 3yr5mo total credit file history. (2yr5mo with credit cards.)

 


@Anonymous i'm thinking you may see something at 30 months. 


Me too. Smiley Happy Only goin' up from here!

 

Peak FICO 8 scores might be around 775 on this scorecard which may go up to AAoA 3yr0mo, or February 2022 for me. ( I can't hit 800 without the SSL trick - I lost 30pts when that reported closed back in January 2019.)

 

That was quite an unexpected gain in points at AAoA 1yr6mo when all CRAs shifted to FAIR from POOR on "Credit History Length". I'm thinking there's going to be a shift from FAIR to GOOD at AAoA 3yr0mo along with some positive score changes.

Message 1072 of 1,094
Anonymous
Not applicable

Re: FICO Score Stress Indicators/Indexes


@Anonymous wrote:

@Anonymous wrote:

@Anonymous wrote:

My update for May 2021. No change.

  • EQ 8 761 on a CLEAN file with 4 open bankcards (MC/VISA/AMEX/DISCOVER, no retail) and 1 closed SSL (Shared Secure Loan)
  • EQFRI Adjusted EQ AUTO 8 Score: 703 (-43pts from 746)
  • 5% to 4% aggregate
  • -$428 aggregate balance
  • 4-of-4 accounts with balances to 3-of-4

But 24 FICO scores are up anywhere from +2 to +20 and I gained +7 on my middle mortgage score (now 748).

And I got a Ruby

ruby.png

(1yr 3mo since any inquiry) for the first time in my 3yr5mo total credit file history. (2yr5mo with credit cards.)

 


@Anonymous i'm thinking you may see something at 30 months. 


Me too. Smiley Happy Only goin' up from here!

 

Peak FICO 8 scores might be around 775 on this scorecard which may go up to AAoA 3yr0mo, or February 2022 for me. ( I can't hit 800 without the SSL trick - I lost 30pts when that reported closed back in January 2019.)

 

That was quite an unexpected gain in points at AAoA 1yr6mo when all CRAs shifted to FAIR from POOR on "Credit History Length". I'm thinking there's going to be a shift from FAIR to GOOD at AAoA 3yr0mo along with some positive score changes.


@Anonymous you're on a mature card, I don't think it has a peak other than 850. You just need age.

Message 1073 of 1,094
Anonymous
Not applicable

Re: FICO Score Stress Indicators/Indexes


@Anonymous wrote:

@Anonymous wrote:

 

Peak FICO 8 scores might be around 775 on this scorecard which may go up to AAoA 3yr0mo, or February 2022 for me.


@Anonymous you're on a mature card, I don't think it has a peak other than 850. You just need age.


I should have said 'bin'. I still think that's what's happening on the C8 card. Sub-binning - a very common term in data analytics.

 

Because others with much more age aren't experiencing what I am down here at the low end of total credit history. I have no idea if that's happening per-characteristic and influencing other characteristics, or just a general x-year wide bin weighting.

Message 1074 of 1,094
Anonymous
Not applicable

Re: FICO Score Stress Indicators/Indexes


@Anonymous wrote:

@Anonymous wrote:

@Anonymous wrote:

 

Peak FICO 8 scores might be around 775 on this scorecard which may go up to AAoA 3yr0mo, or February 2022 for me.


@Anonymous you're on a mature card, I don't think it has a peak other than 850. You just need age.


I should have said 'bin'. I still think that's what's happening on the C8 card. Sub-binning - a very common term in data analytics.

 

Because others with much more age aren't experiencing what I am down here at the low end of total credit history. I have no idea if that's happening per-characteristic and influencing other characteristics, or just a general x-year wide bin weighting.


@Anonymous Totally agree and bin is the proper term. In other words the maximum base score you can reach at a particular time. I think it's probably not per characteristic, but per length of history category, but I could be wrong. I'm just guessing. 

Message 1075 of 1,094
Anonymous
Not applicable

Re: FICO Score Stress Indicators/Indexes

Figure the length of history category has 82.5 points typically.
Message 1076 of 1,094
Anonymous
Not applicable

Re: FICO Score Stress Indicators/Indexes

@Anonymous @Anonymous 

 

Now that SO has 7 actively reporting/open SLs:

 

 

5/26/215/26/21

No red flags now that SO is in the "resilient" range.

 

EQ is lowest F8 score at 661

 

7 Open installment loans

4 Open revolving accounts (including 1 AU)

 

3 Closed installment loans (2 are COs)

1 Closed Revolving account

 

Util:

18% aggregate ($2422 owed)

69% individual

1% individual

0% individual

2% individual (AU)

 

Per MyFico:

AAoA 8y 3m 

AoOA 16y 11m

 

Edit:

HP: 0/12, 1/24

New Accounts: 3/12, 6/24 (including 1 AU and 1 installment loan)

Message 1077 of 1,094
Anonymous
Not applicable

EQ FICO Resilience Index Leaderboard - Wednesday, May 26, 2021

[DELETED] Moved here.

Message 1078 of 1,094
Anonymous
Not applicable

Re: FICO Score Stress Indicators/Indexes


@Anonymous wrote:

@Anonymous @Anonymous 

 

Now that SO has 7 actively reporting/open SLs:

 

 

5/26/215/26/21

No red flags now that SO is in the "resilient" range.

 

EQ is lowest F8 score at 661

 

7 Open installment loans

4 Open revolving accounts (including 1 AU)

 

3 Closed installment loans (2 are COs)

1 Closed Revolving account

 

Util:

18% aggregate ($2422 owed)

69% individual

1% individual

0% individual

2% individual (AU)

 

Per MyFico:

AAoA 8y 3m 

AoOA 16y 11m

 

Edit:

HP: 0/12, 1/24

New Accounts: 3/12, 6/24 (including 1 AU and 1 installment loan)


interesting 👍🏻

Message 1079 of 1,094
babygirl1256
Senior Contributor

Re: EQ FICO Resilience Index Leaderboard - Friday, May 28, 2021

Wow . . . a lot of information, great presentation and very well organized!!!

Starting FICO 8 Score in 06/2019: EQ-625, TU-649, EX-640
Current FICO 8 Score in 06/2021: EQ-796, TU-806, EX-812
Goal FICO 8 Score in 06/2022: EQ-825, TU-850, EX-850
Message 1080 of 1,094
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